Trading in the Zone

Bitcoin / United States DollarCoinbase

Description

⋅ May 17, 2021 3:39 PM

Just wanted to share some info on the calls from last week and some updates.

We are now in the zone mentioned a nice catch of a short $14,000 drop on the "Crypto Beast"

Wyckoff structure has played it's hand and it was beautiful. One happy chappy!

Now we are at the zone, expecting a slow move up, some addition sideways consolidation before a couple of traps are put into motion.

Paul covers some of this in the latest stream.
Thanks @Paul_Varcoe for a great update stream earlier! tradingview.com/streams/eKRYe483KQQcR7h-z5vYa/

Have a great week!

Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

Comment

⋅ May 19, 2021 5:14 AM

Playing itself out as expected. Thank you Mr Wyckoff -

Comments

danielyapcs

⋅ May 18, 2021 5:20 PM

Awesome analysis! How's the market? is it over? or is it a bull trap forming? Many thanks!

MarketMakerTraders

⋅ May 18, 2021 10:40 AM

Take Out The Stops, Fulfill Liquidity, Eat The Shorts,

Very Nice!

Mayfair_Ventures

⋅ May 18, 2021 11:11 AM

@MarketMakerTraders, exactly, eating shorts, setting up the Bull trap in the process.

daliukas123

⋅ May 18, 2021 5:41 AM

So dowside movement is over or should we expect price to drop bellow 40.000? Thank you

Mayfair_Ventures

⋅ May 18, 2021 6:10 AM

@daliukas123, I think it might dip again, a lot of people are assuming the bottom here. Waiting to see how impulsive this move becomes up.

redliner188

⋅ May 17, 2021 11:03 PM

thank you followed your call gonna scale in

Mayfair_Ventures

⋅ May 18, 2021 6:11 AM

@redliner188, Not sure if the drop is fully over yet, waiting for the next sign to show the bias.